can someone tell me how to delete this post?

[seejaye]

Hello! I'm trying to delete this post! The closest I can get is deleting the text in it and reposting. There aren't options to delete it in the drop down menu that has an editing function. Thanks!

[seejaye]

Same thing.

[ThomasM125]

You can enter the sale in either the K-1 entry section or the investment sales section, but not both. Since it appears you have a Form 1099-B it would be best to report the sale in the investment section and not in the K-1 section, as the IRS will scrutinize the 1099-B entry more than the K-1 entry.

[seejaye]

and so on!

[seejaye]

Here too!

[MarilynG1]

Here are forms that populate from your K-1 stock sale entry:

• Form 8949 (Sales and Other Dispositions of Capital Assets): Used to report the sale details, often adjusting the cost basis to avoid double-taxation. This is where you can check for a duplicate sale entry, if you made a 1099-B entry also. 
• Schedule D (Form 1040): Calculates capital gains or losses from the sale.
• Form 4797 (Sale of Business Property): Used for any ordinary income portion reported on the K-1 sale.

Form 8949 may show an adjustment (often Code B or E) to reflect that the cost basis was not reported to the IRS.  If you want to keep carryover amount for K-1, you could enter the sale info there, then adjust the 1099-B Cost Basis. 

Here's more detailed info about Reporting Stock Sale in K-1 Entry.

@seejaye